HIGH PLAYER DEMAND
Kalyan Jewellers gains 16% in two sessions; analysts see 13% upside
In a bold move, Kalyan Jewellers India announced a significant 31% rise in revenue and a notable 64% boost in net profit. Plans include launching 84 new Kalyan stores along with expanding the Candere and Akshaya Thanga Maligai outlets. Analysts have expressed optimism, issuing 'Buy' ratings based on the growth from non-South markets, which climbed by 21%, positioning the company favorably against unorganized competitors amidst fluctuating gold prices.
Global Market Today: Asian stocks gain after Nvidia shakeup, oil steady
The MSCI Asia Pacific Index rose 0.3%, led by gains in South Korea. US equity futures also advanced, with Nasdaq 100 contracts up 0.6% and those for the S&P 500 gaining 0.4% after both underlying benchmarks fell Thursday. Nvidia, the company at the heart of the AI boom, dropped 4.3% after Chief Executive Officer Jensen Huang was ousted.
Blackstone-backed JP Schools to enter NCR, buys DLF Foundation land
Blackstone-backed JP Schools has bought two land parcels from the DLF Foundation to build schools in Gurgaon, with an estimated investment of ₹500 crore. The school operator has agreed to follow quality standards and other conditions set by the foundation, CEO Ayush Periwal told ET.
Who founded Nvidia? In 1993, three engineers got together at America's iconic Denny's diner and changed the course of tech history
Nvidia was established in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem to improve computer graphics. The company evolved from a focus on graphics chips to becoming a leader in artificial intelligence technology. Jensen Huang has resigned as CEO after leading the company for 33 years, impacting its direction and identity. Colette Kress has been appointed interim CEO while searching for a permanent successor.
Mundra to Chile, Adani amps up the volume of its heavy metal rock
Adani Group has signed an agreement with Codelco to explore a copper project in Chile. This partnership aims to ensure a secure supply of copper for its operations in Mundra, Gujarat. The agreement comes amid rising copper demand in India and a need for more imports.
Festive online sales hit Rs 1.4 lakh crore, up 17%, but miss forecasts
The season had been expected to hit a record Rs 1.50-1.55 lakh crore in GMV, up 25-29% from last year. GMV is total value of goods sold by marketplaces before discounts and returns. The festive sale period started on October 8 with the flagship events of Amazon and Flipkart followed by multiple micro-events until Diwali, which fell on November 8.
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Online festive sales miss estimates; Munjal steps down as Unacademy CEO
Happpy Thursday! Online festive sales grew, but fell short of expectations amid weak smartphone demand.This and more in today’s ETtech Morning Dispatch.
Instagram’s 90-minute video bet could soon take it into direct confrontation with YouTube
Instagram is testing videos of up to 90 minutes with select creators in the US and Brazil as it looks to expand beyond short-form content and compete with YouTube and OTT platforms for viewers and advertising budgets. The move could bring podcasts, comedy specials and episodic shows to the platform, with creators using Reels to attract viewers to longer videos. Instagram is also working on a TV version of Reels to tap into connected TV (CTV) audiences. No India launch timeline has been announced.
AI stocks: Are the days of easy money over? Aswath Damodaran warns investors of a new market reality ahead of Anthropic IPO
NYU professor Aswath Damodaran warns that broad-based gains from AI stocks may be fading as investors become more selective. He highlights diverging business models, rising infrastructure costs, uncertain monetisation and valuation risks, urging greater investment discipline.
Caitlin Clark's boyfriend Connor McCaffery shares heartbreaking update about brother Jack, says 'Nobody stronger than you to fight this'
Caitlin Clark's boyfriend Connor McCaffery shared an emotional update after his younger brother Jack McCaffery was diagnosed with Hodgkin's lymphoma, prompting an outpouring of support from family and the basketball community. Connor also shared an emotional message on Instagram, expressing his belief in his brother's strength, and assuring him that the family was standing behind him.
Samvat 2083 stock picks: 10 ideas from India’s top brokerages for the next Diwali
Brokerages have identified 10 stocks across banking, defence, hospitality, quick commerce, consumption and manufacturing for Samvat 2083. Kotak Mahindra Bank, Bharat Electronics, Indian Hotels, Adani Ports and Eternal feature among their picks, backed by earnings visibility, strong balance sheets and structural growth opportunities. Their target prices suggest further upside potential.
Kalpataru confident of achieving ₹6,500 crore pre-sales target in FY27, says CFO
With a pre-sales target of ₹6,500 crore for this fiscal year, Kalpataru is navigating through the current market landscape. Although sales bookings remained stable at around ₹2,600 crore in the initial half, the housing demand shows resilience against global uncertainties. The CFO is confident about a strong second half, anticipating a surge in sales due to festive season activities, having recorded ₹5,280 crore in the last fiscal year.
Stock Radar: Infosys stocks showing signs of bottoming out after falling over 30% from highs; time to buy?
Infosys Ltd has established a support base around the 1,000 level, indicating potential recovery. Technical analysis suggests that the stock could rise to 1,400 levels in the coming months. The daily Relative Strength Index shows bullish indicators suggesting recovering momentum. Investors are advised to accumulate shares in the 1,140 to 1,190 range while maintaining a closing stop loss below 980. This consolidation phase signals possible future gains for long-term investors.
PSBs, pharma and defence: HDFC Securities CEO names Samvat 2083’s dark horses
HDFC Securities MD and CEO Dhiraj Relli identifies public sector banks, pharmaceuticals and defence as potential outperformers in Samvat 2083. He favours largecaps for valuation comfort, highlights selective stock opportunities and urges investors to prioritise earnings visibility and disciplined asset allocation.
The great Indian biscuit battle begins: Can Reliance crack the code?
Reliance Consumer Products Ltd is set to foray into India's competitive biscuit market, with an aim to leverage affordable pricing and a wide variety of products to attract consumers. Industry leaders Britannia and Parle dominate the market, making it challenging for new entrants like Reliance's Independence.
Ousted Paraguayan President Santiago Pena placed under house arrest after bank collapse; Pedro Alliana sworn in as sudden successor
Santiago Pena, the ousted President of Paraguay, was placed under house arrest on charges of misconduct. His removal follows the collapse of Ueno Bank, affecting nearly half of Paraguay's population. Vice President Pedro Alliana has assumed presidency amidst public outcry for accountability. Regulators seized Ueno Bank, locking depositors out of their accounts and triggering a political crisis. Lawmakers allege Pena abused his political influence regarding Ueno's operations and regulatory oversight.
Investors in other markets would be envious of India multiples: Rich Handler, chief executive of Jefferies
Jefferies CEO Rich Handler believes Indian equities remain reasonably valued despite the market correction and says easing long-term capital gains taxes could attract foreign investors. He sees opportunities in India's AI and data centre sectors, argues that global capital outflows reflect external pressures, and believes concerns about an AI bubble warrant a healthy pause rather than alarm.
AI boom turns chip packaging into the next battleground for semiconductors
Billions of dollars are being invested in advanced chip packaging due to the demand for AI chips. This growing need is pushing companies to expand their production capacities significantly. Taiwan's TSMC is at the forefront of packaging technology, yet limitations have spurred alternatives.
Pakistan Cricket Board's demand for NOC fee forces Pak players' exodus from Abu Dhabi T10 league
The Pakistan Cricket Board has implemented a new fee for no-objection certificates, which are essential for players wishing to join various leagues. This has led to a number of Pakistani players being unable to participate in the forthcoming Abu Dhabi T10 League, forcing organizers to seek substitutes. Frustration rises among players since smaller leagues struggle to cover these fees, mirroring issues faced in previous tournaments.
Gulf Oil eyes market leadership in India, global expansion to drive next growth phase
Gulf Oil aims to surpass its rival and achieve the market leader status in India's lubricants sector. The company plans to invest approximately ₹55 crore to expand its manufacturing capacity significantly. Growth is expected from B2B, industrial, and infrastructure segments, alongside exploring new niches like data centre cooling.
Big FMCG companies outgrow market as smaller rivals get squeezed by costs and slowing rural demand
India's fast-moving consumer goods sector has experienced a slowdown in volume growth amid rising costs. Rural demand has weakened, impacting smaller regional manufacturers while larger companies thrive. Hindustan Unilever, Marico, and other major firms reported robust growth figures. Smaller players are particularly vulnerable due to their limited capacity to manage current challenges.
Stock Radar: This Sensex largecap stock showing signs of reversal on daily charts; time to buy?
UltraTech Cement Ltd has rebounded after finding support near the 10,500 level and reclaimed key moving averages. Experts suggest that traders can buy the stock targeting above 12,000 to 13,000 in the upcoming months. Technical indicators such as the Supertrend and MACD signal bullish momentum for the stock. The stock tested its multi-month consolidation zone, indicating a critical demand area.
AI will level the playing field for SMBs competing with larger businesses: Oracle NetSuite’s Amit Suxena
Suxena said that a massive technological revolution is underway and these are exciting times for new businesses, start-ups, and companies looking to expand.
Pills are paying off! Pharma stocks lead 2026 rally with up to 112% return
In 2026, India's pharmaceutical stocks are making headlines with impressive year-to-date gains. This surge is driven by strong domestic demand alongside enhanced profitability from new product launches. Notable players like Laurus Labs and Gland Pharma have recorded remarkable returns, topping 100%. Amid challenges faced by other sectors, the pharmaceutical field demonstrates resilience. Analysts are optimistic but advise exercising caution regarding potential market volatility and the durability of this sector's performance.
AI turns cyber threat into boardroom crisis
In India, State Bank of India disclosed that 375,000 customer records had been leaked on the dark web, while vulnerabilities in eMudhra’s digital certificate keys exposed websites to potential attacks.
Cement companies bet on price hikes to revive profitability in H2
Cementmakers in India are experiencing a weak first half of the fiscal year due to rising costs. They expect price increases and seasonal construction activity to improve profitability. Price stability is noted after recent increases, which may help offset costs. Cement prices have risen and are expected to stay high in the coming months. The market leaders remain optimistic about further price improvements in the near future.
STT Global’s India biz on the block; micro occasions power qcomm
KKR, Singtel, and the Tatas are preparing to sell STT GDC India, a major data centre platform. This and more in today’s ETtech Top 5.
India’s medicine sales grow in double digits for four straight quarters, led by chronic care drugs
Over the past four quarters, India's medicine sales have increased significantly due to rising demand in chronic care segments. The growth rate reached 12% year-on-year in the September quarter, showing a positive trend in the industry. Larger pharmaceutical companies have benefited from the shutdown of many non-compliant smaller units. Budgets were also boosted by a reduction in GST on medicines.
Gen Z brands are breaching the last citadel of legacy consumer firms
India's Gen Z and D2C brands are challenging FMCG giants like Hindustan Unilever, ITC and Marico by expanding into kirana stores. New-age brands captured 21.7% of India's kirana market in H1 FY27, up from 14.8% a year earlier. As digital-first brands breach traditional distribution networks, legacy FMCG companies face growing competition for retail shelf space and consumer loyalty nationwide.
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